HSG Holding Ltd
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), HSG Holding Ltd reported 17 stock positions worth $2.7 billion. Its top holding was PDD (PDD) at 78.6% of the portfolio, followed by Kanzhun Ltd. - ADR (BZ, 6.8%) and Full Truck Alliance -SPN ADR (YMM, 6.4%). Compared with Q1 2024, it sold out of 1, added to 1 and reduced 4. The biggest buy was PDD (PDD, shares +1064%) and the biggest sale Full Truck Alliance -SPN ADR (YMM, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- K3
- CIK
- 0001470766
- Portfolio Value
- $2.7B (Q2 2024)
- SEC Filing
- 0000950123-24-008235 ↗ filed Aug 13, 2024
Holdings Value
Holdings 17 stocks · $2.7B
| PDD PDD Holdings Inc. | 78.64% | 16,295,432 | $2.1B | Add +1064.4% |
| BZ Kanzhun Ltd. - ADR | 6.76% | 13,367,284 | $183.3M | No change |
| YMM Full Truck Alliance -SPN ADR | 6.38% | 21,873,414 | $173.0M | Reduce -53.3% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 2.39% | 1,057,644 | $64.8M | No change |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 1.85% | 3,635,656 | $50.1M | Reduce -16.7% |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 0.97% | 3,300,000 | $26.2M | No change |
| DDL Dingdong Cayman Ltd. -SPN ADR | 0.76% | 11,141,166 | $20.7M | No change |
| AVBP Arrivent Biopharma Inc. | 0.55% | 663,308 | $14.8M | No change |
| COE 51 Talk Online Education Gro | 0.42% | 667,223 | $11.4M | No change |
| GPCR Structure Therapeutics Inc. | 0.38% | 266,062 | $10.3M | Reduce -75.0% |
| THCH TH International Ltd./Cayman | 0.37% | 14,503,032 | $10.0M | No change |
| LYEL Lyell Immunopharma Inc. | 0.18% | 3,045,997 | $5.0M | No change |
| ADAG Adagene Inc.-ADR | 0.13% | 1,343,364 | $3.5M | No change |
| BTDR Bitdeer Technologies Group-A | 0.11% | 293,732 | $2.9M | No change |
| BRNS Barinthus Biotherapeutics PL | 0.07% | 1,420,473 | $1.9M | No change |
| SOLAI LIMITED filed as BIT MINING LIMITED | 0.04% | 350,427 | $985K | No change |
| BNR Burning Rock Biotech Ltd.-ADR | 0.01% | 21,212 | $135K | Reduce -90.0% |
Portfolio Sells Q1 2024 → Q2 2024
| YMM Full Truck Alliance -SPN ADR | Reduce -53.3% | 6.38% | −28.98 |
| BEKE Ke Holdings Inc.-ADR | Reduce -16.7% | 1.85% | −3.64 |
| GPCR Structure Therapeutics Inc. | Reduce -75.0% | 0.38% | −3.18 |
| CERO THERAPEUTICS HLDGS INC | Sold out | 0.00% | −0.02 |
| BNR Burning Rock Biotech Ltd.-ADR | Reduce -90.0% | 0.01% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| PDD PDD Holdings Inc. | Add +1064.4% | 78.64% | +62.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $1.2B | PDD, FUTU, PONY, CRCL, BEKE |
| Q1 2026 | 20 | $1.6B | PDD, BEKE, PONY, FUTU, BULL |
| Q4 2025 | 19 | $1.9B | PDD, BZ, FUTU, PONY AI INC, BEKE |
| Q3 2025 | 19 | $1.9B | PDD, FUTU, BULL, BZ, COE |
| Q2 2025 | 19 | $1.9B | PDD, FUTU, BULL, PONY, BEKE |
| Q1 2025 | 17 | $1.7B | PDD, BEKE, FUTU, DDL, BZ |
| Q4 2024 | 18 | $2.4B | PDD, BZ, FUTU, THCH, DDL |
| Q3 2024 | 18 | $2.6B | PDD, YMM, BZ, FUTU, BEKE |
| Q2 2024 | 17 | $2.7B | PDD, BZ, YMM, FUTU, BEKE |
| Q1 2024 | 18 | $1.1B | YMM, BZ, PDD, FUTU, BEKE |